Profund Advisors LLC Boosts Holdings in Entegris, Inc. (NASDAQ:ENTG)

Profund Advisors LLC grew its stake in Entegris, Inc. (NASDAQ:ENTG) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,564 shares of the semiconductor company’s stock after purchasing an additional 1,430 shares during the quarter. Profund Advisors LLC’s holdings in Entegris were worth $1,430,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Inspire Advisors LLC increased its position in Entegris by 1.3% during the first quarter. Inspire Advisors LLC now owns 5,785 shares of the semiconductor company’s stock worth $813,000 after purchasing an additional 77 shares during the last quarter. Commerce Bank increased its holdings in shares of Entegris by 0.6% during the 4th quarter. Commerce Bank now owns 13,725 shares of the semiconductor company’s stock worth $1,645,000 after buying an additional 86 shares during the last quarter. Wedmont Private Capital raised its position in shares of Entegris by 5.9% during the 2nd quarter. Wedmont Private Capital now owns 1,609 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 90 shares during the period. Everpar Advisors LLC lifted its holdings in Entegris by 6.5% in the second quarter. Everpar Advisors LLC now owns 1,656 shares of the semiconductor company’s stock valued at $224,000 after acquiring an additional 101 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Entegris by 0.3% in the second quarter. Arizona State Retirement System now owns 41,406 shares of the semiconductor company’s stock worth $5,606,000 after acquiring an additional 105 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on ENTG shares. Mizuho upgraded Entegris from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Entegris from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. BMO Capital Markets dropped their price target on shares of Entegris from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Entegris in a report on Thursday, August 1st. Finally, Citigroup upgraded shares of Entegris from a “neutral” rating to a “buy” rating and lifted their target price for the company from $119.00 to $130.00 in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.40.

Entegris Stock Performance

NASDAQ:ENTG opened at $111.58 on Tuesday. Entegris, Inc. has a 52 week low of $84.13 and a 52 week high of $147.57. The company has a fifty day simple moving average of $114.40 and a two-hundred day simple moving average of $127.33. The company has a quick ratio of 2.14, a current ratio of 3.58 and a debt-to-equity ratio of 1.18. The company has a market cap of $16.83 billion, a price-to-earnings ratio of 53.64, a price-to-earnings-growth ratio of 1.49 and a beta of 1.24.

Entegris (NASDAQ:ENTG) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.01. The company had revenue of $812.60 million for the quarter, compared to the consensus estimate of $802.43 million. Entegris had a return on equity of 12.03% and a net margin of 5.61%. Entegris’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. As a group, equities analysts anticipate that Entegris, Inc. will post 3.14 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, July 31st. Entegris’s dividend payout ratio (DPR) is presently 19.23%.

Insider Buying and Selling at Entegris

In other news, insider Daniel D. Woodland sold 15,000 shares of Entegris stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider now directly owns 37,457 shares of the company’s stock, valued at approximately $5,243,980. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Bertrand Loy sold 27,044 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $140.63, for a total transaction of $3,803,197.72. Following the sale, the chief executive officer now owns 263,068 shares of the company’s stock, valued at approximately $36,995,252.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel D. Woodland sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the insider now directly owns 37,457 shares of the company’s stock, valued at $5,243,980. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,044 shares of company stock valued at $8,078,198. Insiders own 0.67% of the company’s stock.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).